Separable utility function
One of my friends can't find the answer of this question. Give answer of following economic based question. Tell me about strongly separable utility function?
Assume that no externalities in production or consumption exist and the income distribution is universally viewed such as “fair.” When this firm could price discriminate perfectly, one condition for socially optimal output would be for: (i
Price floors create tendencies for: (1) shortages since buyers demand more than firms produce. (2) lobbying through sellers for their elimination. (3) net increases within the satisfactions of consumers. (4) surpluses since firms creates more when hou
When a monopolist which does not price discriminate raises its output, the firm’s total revenue: (w) should rise. (x) will rise when demand is elastic. (y) will rise when demand is inelastic. (z) will rise when marginal revenue = 0.
Choose the right answer from following. The aggregate demand curve is: A) vertical if full employment exists. B) horizontal when there is considerable unemployment in the economy. C) downsloping because of the interest-rate, real-balances, and foreign purchases effect
assume the firm is a price taker and faces a market price of €60 per unit. draw the AR and MR curves
Which of the given statements, if true, seems most probable to yield behavior which would conflict with the law of demand? (i) People cannot afford to drive as much whenever the price of gasoline goes above $3.00 per gallon. (ii) The greater heroin addicts encompass i
Kinds of output subsequently used to generate other goods are termed as: (w) land. (x) labor. (y) capital. (z) primary resources. Hey friends please give your opinion for the problem of Eco
Write down the benefits of leaving the allocation of countries resources to price mechanism?
For identical level of guaranteed transfer payments, the earn income and incentive to work is probable to be: (w) greater with a negative income tax than with transfers in kind. (x) greater with transfers in kind than
Since the supply of land is fixed, then the: (w) demand for land is absolutely horizontal. (x) supply of land is completely elastic. (y) demand for land is absolutely vertical. (z) supply of land is perfectly inelastic. Discover Q & A Leading Solution Library Avail More Than 1448078 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1936162 Asked 3,689 Active Tutors 1448078 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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